HALF YEARLY COMMUNICATION 15 vember Dear Debenture holder In accordance with Regulation 58(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations), we furnish the following information to you: a. The Unaudited Financial Results for the quarter and half year ended 30th September (Annexure 1) ; a. Disclosures in accordance with Regulation 52(4) of the Listing Regulations (Annexure 2) ; and b. Certificate from Catalyst Trusteeship Limited, the Debenture Trustee, for the public issue of Secured, Redeemable, n-convertible Debentures (NCDs), having taken note of the information to be disclosed under Regulation 52(4) of the Listing Regulations for the half year ended 30th September (Annexure 3). We take this opportunity to thank you for reposing trust in the Company by investing in the listed NCDs of the Company and assure you of our continued service and attention at all times. Yours faithfully For Sakthi Finance Limited (Sd) S Venkatesh Company Secretary Annexure 1 Statement of Unaudited Financial Results for the Quarter and Half Year Ended 30th September Sl Particulars SAKTHI FINANCE LIMITED (CIN : L65910TZ1955PLC000145) Registered Office: 62, Dr Nanjappa Road, Coimbatore 641 018 Phone: (0422) 2231471-74, 4236200 Fax: (0422) 2231915 E-mail: sakthif_info@sakthifinance.com Website: www.sakthifinance.com Quarter Ended Half Year Ended Year Ended 30.9. 30.6. 30.9.2015 30.9. 30.9.2015 31.03. (Unaudited) (Unudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income from Operations 4141.39 3981.83 4279.61 8123.22 8135.92 16802.56 Total income from Operations (net) 4141.39 3981.83 4279.61 8123.22 8135.92 16802.56 2 Expenses a. Employee benefits expense 475.97 415.92 500.64 891.89 889.78 1933.09 b. Depreciation and amortisation expense 81.64 76.64 72.41 158.28 145.11 285.05 c. Provisions and write off 145.65 176.34 160.55 321.99 267.33 647.16 d. Other expenditure 371.70 363.80 379.77 735.50 698.32 1555.85 e. Contingent Provision against Standard Assets 5.35 4.00 43.00 9.35 44.20 52.45 Total Expenses 1080.31 1036.70 1156.37 2117.01 2044.74 4473.60 3 Profit/(Loss) from operations before other income, finance 3061.08 2945.13 3123.24 6006.21 6091.18 12328.96 costs and exceptional items (1-2) 4 Other Income 116.15 78.16 123.94 194.31 193.34 404.16 5 Profit/(Loss) from ordinary activities before finance costs 3177.23 3023.29 3247.18 6200.52 6284.52 12733.12 and exceptional items (3 + 4) 6 Finance Costs 2611.71 2544.61 2526.91 5156.32 5043.26 10261.07 7 Profit / (Loss) from ordinary activities after finance costs 565.52 478.68 720.27 1044.20 1241.26 2472.05 but before exceptional items (5-6) 8 Exceptional Items - - 432.12-432.12 432.12 9 Profit/(Loss) from ordinary activities before tax (7-8) 565.52 478.68 288.15 1044.20 809.14 2039.93 10 Tax expense 188.74 156.26 136.75 345.00 310.74 787.36 11 Net Profit / (Loss) from ordinary activities after tax (9-10) 376.78 322.42 151.40 699.20 498.40 1252.57 12 Extraordinary items (net of tax expense) - - - - - - 13 Net Profit/(Loss) for the period (11-12) 376.78 322.42 151.40 699.20 498.40 1252.57 14 Paid-up equity share capital (Face Value : ` 10 per share) 5000.00 5000.00 5000.00 5000.00 5000.00 5000.00 15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year - - - - - 7670.99 1 of 6
16 (i) Earnings per share (not annualised) before extraordinary items: (a) Basic (`) 0.75 0.64 0.30 1.40 1.00 2.25 (b) Diluted (`) 0.75 0.64 0.30 1.40 1.00 2.25 16 (ii) Earnings per share (not annualised) after extraordinary items: (a) Basic (`) 0.75 0.64 0.30 1.40 1.00 2.25 (b) Diluted (`) 0.75 0.64 0.30 1.40 1.00 2.25 STATEMENT OF ASSETS AND LIABILITIES Sl Particulars As at 30.09. (Unaudited) As at 31.03. (Audited) (A) EQUITY AND LIABILITIES 1 Shareholders funds: Share Capital 6050.00 6050.00 Reserves and Surplus 10235.88 9536.67 Sub-total - Shareholders funds 16285.88 15586.67 2 n-current liabilities Long-term Borrowings 57105.54 44251.78 Deferred Tax Liabilities (net) 527.59 588.67 Sub-total - n-current liabilities 57633.13 44840.45 3 Current Liabilities Short-term Borrowings 17947.46 24570.86 Other Current Liabilities 16878.57 21029.09 Short-term Provisions 1509.17 1975.92 Sub-total - Current liabilities 36335.20 47575.87 TOTAL - EQUITY AND LIABILITIES 110254.21 108002.99 (B) ASSETS 1 n-current assets Fixed assets 6590.92 6634.50 n-current investments 2337.35 2236.35 Long-term loans and advances 297.32 194.19 Other non-current assets 401.98 162.17 Sub-total - n-current assets 9627.57 9227.21 2 Current assets Current investments 110.99 110.99 Stock on Hire 90211.12 92178.98 Trade receivables 216.49 148.81 Cash and Bank Balances 5230.62 3751.17 Short-term loans and advances 4547.14 2361.14 Other current assets 310.28 224.69 Sub-total - Current assets 100626.64 98775.78 TOTAL- ASSETS 110254.21 108002.99 tes: 1. The above Unaudited Financial Results for the quarter and half year ended 30th September have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 12th vember and 14th vember. 2. The Statutory Auditors of the Company have carried out a Limited Review on the Unaudited Financial Results for the quarter and half year ended 30th September. 3. The Company is primarily engaged in the business of asset financing and accordingly there is no reportable segment as per Accounting Standard 17 (AS-17) on Segment Reporting specified under Section 133 of the Companies Act 2013 read with Rule 7 of the Companies Accounting Rules 2014 and Companies (Accounting Standards) Amendment Rules. 4. The Company s Secured, Redeemable, n-convertible Debentures (NCDs) are secured by mortgage of immovable properties and hire purchase receivables of the Company with a cover of 100% / 110% as per the terms of the issue. 5. Figures for the previous period / year have been regrouped / rearranged wherever necessary to conform to the current period presentation. By Order of the Board For Sakthi Finance Limited M. Balasubramaniam 14th vember Vice Chairman and Managing Director Coimbatore DIN 00377053 Annexure 2 Disclosures in accordance with Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 1. Credit Rating The Credit Rating as on 30th September is as follows: Instrument Credit Rating Agency Credit Rating as on 30th September Previous Credit Rating Secured, Redeemable n-convertible Debentures ICRA Limited [ICRA] BBB (Stable) [ICRA] BBB (Stable) change in the credit rating for the half year ended 30th September. 2. Debt Equity Ratio : 6.96 2 of 6
3. Previous due dates for the of interest / principal for the period from April to 30th September are given below: NCD Public Issue 2015 NCD Public Issue II II II II II II ISIN ( / Due date of 2nd May June July September 38.69 38.69 38.69 Actual date of 2nd May June July September II II II II ISIN ( / Due date of July September 106.02 72.29 Actual date of July September All interest on n-convertible Debentures due for during the half-year ended 30th September have been paid on their respective due dates. 4. Next due dates for of interest / principal for the period from to 3 March are given below : NCD Public Issue - 2015 ISIN ( / Due date of vember II 38.70 December II 2nd January II 39.94 February II March II 34.95 I INE302E07029 II V INE302E07045 April 909.52 I INE302E07078 Principal April 1453.03 I INE302E07029 Principal April 3363.75 6. Details of Debenture Redemption Reserve are given below: NCD Public Issue - II II II II II II ISIN NO ( / Due date of vember December 2nd January February March April 5. Outstanding redeemable preference shares : Nil 72.29 77.11 72.29 67.47 of issue DRR required to be created DRR created up to 30.09. Funds invested for debentures maturing during the year NCD Public Issue 2015 10000.00 960.00 960.00 NA NCD Public Issue 16487.08 NA NA NA 7. Net worth : ` 13251 lakh 8. Net profit after tax : ` 699.20 lakh 9. Earnings per share : ` 1.40 3 of 6
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Book Post To If undelivered, please return to: SKDC Consultants Limited Kanapathy Towers, Third Floor 1391/A-1, Sathy Road, Ganapathy Coimbatore - 641 006 Phone : (0422) 6549995, 2539835-836 Fax : (0422) 2539837 E-mail : info@skdc-consultants.com Rukmani Offset Press, Cbe.21. & 0422-2672789